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NEW YORK (TheStreet) -- Is it time to "sell in May and go away," as the old investing suggests, or is it time to buy, buy, buy now that our hideous April is behind us? Jim Cramer told his Mad Money viewers Friday that he's betting on Warren Buffett to lift investors' spirits over the weekend at Berkshire Hathaway's (BRK.A) (BRK.B) annual shareholder meeting.
Flying on the Buffett tailwind, Cramer's game plan includes Denny's (DENN) on Monday, a fabulous restaurant that he thinks may give investors a reason to buy other restaurant names if Denny's comes in strong as expected.
Next, on Wednesday, it's the battleground that is Tesla Motors (TSLA) reporting, and Cramer's looking for this stock to give back many of its recent gains when it reports what will most likely be a lackluster quarter. Also on Wednesday is Whole Foods Market (WFM), a stock Cramer thinks can be bought, perhaps half ahead and half after it reports.
Then, on Thursday, it's Alibaba (BABA) in the limelight. Cramer thinks Yahoo! (YHOO) is the better investment. He also felt that good numbers from Tableau Software (DATA) would be a good opportunity to buy other cloud-related stocks like Workday (WDAY).
Finally, on Friday the markets will be digesting the all-important non-farm payroll numbers. Cramer, along with the Federal Reserve and the rest of the markets, will be watching this key macro indicator closely.
A Strong Report Card
The American economy just received its latest report card, courtesy of Eaton (ETN), a stock Cramer owns for his charitable trust, Action Alerts PLUS. Despite what you may have heard, Eaton made the honor roll.
According to Cramer's exclusive interview with Eaton CEO Sandy Cutler Thursday, the American economy is humming right along with residential and non-residential construction, aerospace, cars and trucks all growing steadily. This is great news for the industrial sector and all those that support it.
So why are retail stocks slumping on fears that rising gas prices may one again crimp spending? Cramer acknowledged there is an impact on restaurants and retail depending on how much extra cash is left in consumers' pockets. But with job growth accelerating and so much of our economy doing well, the positives far outweigh the negatives.
That's why Cramer says the bottom may soon be coming for the retail sector, which is why he's watching next week's batch of restaurant and retail earnings for clues that it may be at hand.
Executive Decision: Mark Mednansky
For his "Executive Decision" segment, Cramer sat down with Mark Mednansky, CEO of Del Frisco Restaurant Group (DFRG), a stock that's just off its 52-week lows despite just posting a 2-cents-a-share earnings beat on a 12.7% rise in revenue and a modest 2.2% increase in same-store sales.
Mednansky said Del Frisco still represents a great value and there's still lots of upside left for the company. He said the company's newest locations continue to do well and it has a great pipeline of restaurants in development. "All we need to do is keep moving," Mednansky said, and the markets will eventually recognize the company's value.
One of Del Frisco's biggest strengths is cost controls, Mednansky noted. Keep costs low and you don't need to raise prices. Del Frisco's restaurants are also on the higher end of the price curve, making them not as levered to the price of gasoline.
Cramer said Del Frisco is one stock that should be higher.
Executive Decision: Manny Perez De La Mesa
In his second "Executive Decision" segment, Cramer spoke with Manny Perez De La Mesa, president and CEO of Pool Corp. (POOL), the pool products provider that last week posted a 5-cents-a-share earnings beat and reaffirmed its full-year guidance.
De La Mesa said current pool construction is still only about a third of what it was before the housing crisis. Now that financing is getting better, homeowners are once again investing in their homes by adding a pool. That leaves a lot of upside for Pool Corp.
When asked about the water restrictions hitting California, De La Mesa said California is the largest pool market in the world but so far his company hasn't seen any slowdown in pool construction there. He said there are many ways to save water,and Pool Corp.'s smart irrigation products are among them.
Cramer said this is one stock that fell out of favor quickly when the housing crisis began but he predicts it will come back into favor quickly. too.
Off the Tape
In his "Off The Tape" segment, Cramer sat down with Josh Tetrick, founder and CEO of the privately held Hampton Creek Foods, the company that's reinventing the food industry with its plant-based mayonnaise and cookie doughs.
Tetrick explained Hampton Creek's big win with Compass Foods, a company that provides over four billion meals a year. Tetrick said Compass has chosen Hampton Creek as its go-to mayo because it tastes better, costs less and will save almost a billion gallons of water a year to produce.
Hampton Creek also contniues to innovate. Tetrick said his company is looking into more types of cookie dough, pastas, yogurts and other categories.
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